Question details

The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow:

$ 5.00

The revenues and expenses of Sentinel Travel Service for the year ended August 31,
2019, follow:
Fees earned $750,000
Office expense 295,000
Miscellaneous expense 12,000
Wages expense 450,000
Prepare an income statement for the year ended August 31, 2019.